š¦§ euro really be that low
š¤· we at parity now
for as long as i remember, if someone asks āhow many us dollars is one euro?ā
the answer would be āoh yeah, one euroās like one point one? two? us dollars or somethingā
well, for the first time in 20 years, weāve reached parity ā one euro is one us dollar
this means usd is āstrengtheningā relative to euro (a w for usa)
ā why thoā¦
europe is facing serious energy crisis as Russia's invasion of Ukraine drags on
in response to many european nations imposing sanctionso on the russian economy, many russian state-owned gas giants are choking pipelines delivering gas from russia to germany
-0.50% < 1.50%
i mean thatās just simple math ā fedās been raising interest rates multiple times this year and eco (european central bank) is just about to start doing thatā¦
this makes the dollar more attractive relative to the euro
š¤ what now
the eur/usd pair has fluctuated quick a bit in the long term, but the euro trading for less than one dollar would mean a heck of a lot more to the markets
thatād cause (imo) ripple effects in even stocks
ex. us companies that have massive revenue coming from europe. (because thatād mean 100 euros profited overseas converted to the dollar back home would mean, un, not a hundred bucksā¦)
š im keeping my eyes onā¦
^uup ā invesco us dolar index bullish fund
itās an interesting time weāre living inā¦ i never expected such a (relatively) boring ticker to show such movement ā im personally bullish, but then again thatās just one apeās opinion
happy tuesday!
always always feel free to email me (apeofomaha@substack.com) to ask any questions! :)
š” something im thinking about
š closing comments
all of this is just one apeās thoughts, but I would love to hear what you want to know about! happy trading!
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